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Jul 17, 2017 11:34 AM

RSI Divergence Long

JUST DIAL LTDNSE

Description

On daily found positive RSI divergence on JD charts, one can buy for target of 375, 390 & 400. SL 347.

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Comment

T1 done

Comment

It could touch 399 today. That's our final targets. 385 Now still it can suppress 400 Big Move today

Comment

JD announced buyback shares worth 84 Cr with price of 700. Present price is 388.

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In case it has taken positively by investors. Then JD can revisit 430 in near term.

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Those who hold long can keep your position with SL of 375

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New position is not possible now as this script is under ban.,😎

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It is evident that before news we could get divergence on charts. So never ignore charts.

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T2 Done

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It seems investors are made foolish, by announcing lucrative buy back price. Exist at cost. I believe you would have existed at 375 as per our stoploss strategy.

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But it could hit twice the indicated targets.
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